Mr. David Taylor reports

VERSABANK APPOINTS INVESTOR RELATIONS VETERAN LAWRENCE CHAMBERLAIN AS GLOBAL SVP, INVESTOR AND STAKEHOLDER RELATIONS

VersaBank has appointed investor relations veteran Lawrence Chamberlain as global senior vice-president, investor and stakeholder relations, effective immediately.

"Lawrence has played an integral role in VersaBank's investor relations program for the last six years on a consulting basis and has developed a deep understanding of our business, strategy and growth opportunities, transforming the communication of our investment thesis while increasing visibility of that thesis," said David Taylor, founder and president of VersaBank. "As our investor base continues to expand alongside what we expect to be significant, rapid growth driven by U.S. business as well as our tremendous opportunity in the digital asset sector, it was a natural progression to bring Lawrence onto the VersaBank team in a full-time executive leadership role. His earned trust of the VersaBank board of directors and senior management team, long-standing relationships with our analysts and investors and deep understanding of the bank's strategy to drive shareholder value, ideally position him for this critical role at this inflection point for our bank."

"Having worked closely with David and the rest of the exceptional team at VersaBank for the last six years, I have been privileged to contribute to the bank's increasing recognition as one of the most innovative financial institutions in the world," said Mr. Chamberlain. "Multiple low-risk near and long-term growth opportunities, as well as value-driving catalysts like the proposed reorganization with its numerous benefits, make this an especially exciting time to formally join the bank. I look forward to continuing to build relationships with investors and other stakeholders, in particular, further expanding awareness of VersaBank's unique and very attractive investment proposition."

Mr. Chamberlain brings to VersaBank more than three decades of capital markets experience, the vast majority of which was in investor relations and capital markets communications roles. Over the course of his career, he has developed and executed strategic investor relations programs for dozens of publicly traded companies across a wide range of industries and market capitalizations. Most recently, he was a partner at LodeRock Advisors, where he contributed to its growth into Canada's leading investor relations and capital markets communications consultancy. Prior to that, Mr. Chamberlain held increasingly senior executive roles at several Canadian investor relations consulting firms and served in-house as a manager, investor relations, for a Toronto Stock Exchange-listed information technology company and several emerging technology companies.

About VersaBank

VersaBank is a North American bank with a difference. Federally chartered in both Canada and the United States, VersaBank has a branchless, digital, business-to-business model based on its proprietary state-of-the-art technology that enables it to profitably address underserved segments of the banking industry in a significantly risk-mitigated manner. Because VersaBank obtains substantially all of its deposits and undertakes the majority of its financing activities electronically through financial intermediary partners, it benefits from significant operating leverage that drives efficiency and return on common equity. In August, 2024, VersaBank launched its unique structured receivable program financing solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the underserved multitrillion-dollar U.S. market. VersaBank also owns Minnesota-based DRT Cyber Inc., a North American leader in the provision of cybersecurity services to address the rapidly growing volume of cyber threats challenging financial institutions, multinational corporations and government entities. Through DRT Cyber, VersaBank owns proprietary intellectual property and technology to enable the next generation of digital assets for the banking and financial community, including the bank's revolutionary and proprietary real-bank tokenized deposits.

VersaBank's common shares trade on the TSX and Nasdaq Stock Market under the symbol VBNK.

We seek Safe Harbor.